The global content management software market is expected to reach $25.5 billion by 2028
The Global Web Content Management System Software Market was valued around USD 17.5 billion in 2021 and is expected to rise to approximately USD 25.5 billion by 2028, with a compound yearly growth rate (CAGR) of approximately 6.5% between 2022 and 2028. Oracle Corporation, Microsoft Corporation, Hyland Software, Cisco Systems Inc, OpenText Corporation, IBM Corporation, and EMC Corporation are featured as important industry participants in the study, along with their sales, revenues, and strategies.
According to the most recent research report, the worldwide Web Content Management System Software Market size and share in 2021 was estimated to be over USD 17.5 billion. The market is estimated to develop at a CAGR of 6.5%, reaching more than USD 25.5 billion by 2028.
The changing dynamics of digital marketers’ desire for digital content management are opening up new avenues for global content management software (CMS) or systems. Enterprise content management (ECM), web content management (WCM), and, to a lesser degree, one-to-one marketing are all growing segments of the content management software industry. CMS capabilities, such as document and digital asset management, may help brands create and manage content. Typically, they offer publication, format management, revision control, searching, and retrieval.
The fact that content management systems for web publication require just the most basic technical expertise is a significant point in their favour. Because of the integration of artificial intelligence (AI) and machine learning into the fundamental platform of content management software, new opportunities are developing in the business. As fundamental facilitators of many critical applications, these technologies are becoming increasingly relevant in the market for content management software. It requires a knowledge management that provide effective content hub to the companies.
The government, life science, healthcare, retail, consumer goods, and defence industries are the key drivers driving the market for content management software. Furthermore, the market for content management software is expected to be pushed by exponentially expanding data requirements and a growth in cloud platforms. Reduced prices for servers, LCD panels, connectivity, and networking equipment are also expected to promote the growth of the content management software market. Improvements in HD movie, graphics, and animation technologies are expected to fuel content hub and knowledge management.